SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Phraction Management LLC

CIK 0001907803 · 139 S. MAIN ST, SUITE 2, COLCHESTER, CT, 06415 · 8605319590

Reported Value
$313M
Q2 2025
Positions
73
Filings on Record
18
2019–present window
Filed
Jul 21, 2025
original filing

Summary

Phraction Management LLC reported $313M in U.S.-listed holdings across 73 positions for Q2 2025.

Its largest position, MSFT, represents 9.3% of the portfolio.

Compared with Q1 2025, the fund opened 11 new positions and exited 12.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+50.2%
share of reported value
Largest Position
+9.3%
Microsoft
New / Exited
11 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $165MQ4 ’21Q1 ’22: $174MQ2 ’22: $152MQ3 ’22: $132MQ3 ’22Q4 ’22: $152MQ1 ’23: $174MQ2 ’23: $203MQ2 ’23Q3 ’23: $212MQ4 ’23: $242MQ1 ’24: $260MQ1 ’24Q2 ’24: $274MQ3 ’24: $283MQ4 ’24: $285MQ4 ’24Q1 ’25: $299MQ2 ’25: $313MQ3 ’25: $346MQ3 ’25Q4 ’25: $375MQ1 ’26: $483Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.2%PUBLIC: 5.8%ETP: 3.0%Other: 2.5%Closed-End Fund: 1.5%Other: 0.1%
  • Common Stock · 87.2% · $273M
  • PUBLIC · 5.8% · $18M
  • ETP · 3.0% · $9M
  • Other · 2.5% · $8M
  • Closed-End Fund · 1.5% · $5M
  • Other · 0.1% · $405,123

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FEFIRSTENERGY CORPNEW+56.3K56.3K+$2M$2M
MKTWMARKETWISE INCNEW+112.1K112.1K+$2M$2M
BNBROOKFIELD CORPNEW+29.9K29.9K+$2M$2M
ALCON AGNEW+13.5K13.5K+$1M$1M
AVTRAVANTOR INCNEW+77.6K77.6K+$1M$1M
SPDR S&P 500 ETF TRNEW+1.3K1.3K+$818,033$818,033
BBARRICK MNG CORPNEW+34.0K34.0K+$707,880$707,880
CVNACARVANA CONEW+900900+$303,264$303,264

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM9.32%$29M58.6K
2AMZNAMAZON COM INChistory →COM8.35%$26M119.0K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C8.25%$26M146.0K
4BACBANK AMERICA CORP7.25%CNV PFD L · COM6.81%$21M195.4K
5ADIANALOG DEVICES INChistory →COM5.20%$16M68.3K
6HONGBPHONEYWELL INTL INChistory →COM4.26%$13M57.2K
7TMOTHERMO FISHER SCIENTIFIC INChistory →COM3.89%$12M30.0K
8SPGIS&P GLOBAL INChistory →COM3.65%$11M21.6K
9RTXRTX CORPORATIONhistory →COM3.23%$10M69.2K
10DHRDANAHER CORPORATIONhistory →COM2.98%$9M47.2K
11BDXBECTON DICKINSON & COhistory →COM2.77%$9M50.2K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.64%$8M17.0K
13ENQENTEGRIS INChistory →COM2.35%$7M91.0K
14WMBWILLIAMS COS INChistory →COM2.22%$7M110.5K
154I1PHILIP MORRIS INTL INChistory →COM2.19%$7M37.6K
16ICEINTERCONTINENTAL EXCHANGE INhistory →COM2.11%$7M36.0K
17AKXANSYS INChistory →COM2.07%$6M18.5K
18TXNTEXAS INSTRS INChistory →COM2.03%$6M30.6K
19VVISA INChistory →COM CL A1.96%$6M17.2K
20WELLS FARGO CO NEWPERP PFD CNV A1.75%$5M4.7K
21FERGFERGUSON ENTERPRISES INChistory →COMMON STOCK NEW1.71%$5M24.5K
22TDYTELEDYNE TECHNOLOGIES INChistory →COM1.66%$5M10.2K
23AMATAPPLIED MATLS INChistory →COM1.55%$5M26.5K
24SPROTT PHYSICAL GOLD TRUNIT1.37%$4M168.5K
25ADSKAUTODESK INChistory →COM1.18%$4M11.9K
26ASML HOLDING N VN Y REGISTRY SHS0.95%$3M3.7K
27LINDE PLCSHS0.74%$2M4.9K
28FEFIRSTENERGY CORPCOM0.73%$2M56.3K
29MKTWMARKETWISE INCCOM NEW CL A0.71%$2M112.1K
30LRCXLAM RESEARCH CORPCOM NEW0.70%$2M22.6K
31IBITISHARES BITCOIN TRUST ETFSHS BEN INT0.70%$2M35.6K
32METAMETA PLATFORMS INCCL A0.67%$2M2.8K
33BNBROOKFIELD CORPCL A LTD VT SH0.59%$2M29.9K
34DWDPEURDUPONT DE NEMOURS INCCOM0.58%$2M26.5K
35PEPPEPSICO INCCOM0.56%$2M13.3K
36NVDANVIDIA CORPORATIONCOM0.41%$1M8.1K
37NOCNORTHROP GRUMMAN CORPCOM0.41%$1M2.6K
38UNPUNION PAC CORPCOM0.41%$1M5.5K
39CPCANADIAN PACIFIC KANSAS CITYCOM0.39%$1M15.3K
40ALCON AGORD SHS0.38%$1M13.5K
41CSGPCOSTAR GROUP INCCOM0.37%$1M14.3K
42VANGUARD INTL EQUITY INDEX FALLWRLD EX US0.36%$1M16.8K
43AVTRAVANTOR INCCOM0.33%$1M77.6K
44VANECK ETF TRUSTMRNGSTR WDE MOAT0.27%$853,0209.1K
45SPDR S&P 500 ETF TRTR UNIT0.26%$818,0331.3K
46ELLAUDER ESTEE COS INCCL A0.24%$758,7939.4K
47UNILEVER PLCSPON ADR NEW0.24%$751,16812.3K
48INVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF0.23%$722,6676.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$483M65Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$375M67Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$346M66Oct 9, 202513F-HRchanges · EDGAR ↗
Q2 2025$313M73Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$299M74Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$285M71Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$283M69Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$274M67Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$260M63May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$242M52Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$212M50Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$203M46Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$174M45Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$152M46Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$132M48Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$152M64Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$174M65May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$165M69Feb 3, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.